Astronics Corporation Completes First Installation And Certification Of New EmPOWER® In-Seat Power System With USB Charging Capability
Astronics Corporation (NASDAQ: ATRO), a leader in advanced, high
performance lighting, electrical power generation and distribution and
automated test systems for the global aerospace and defense industries,
Astronics Corporation (NASDAQ: ATRO), a leader in advanced, high performance lighting, electrical power generation and distribution and automated test systems for the global aerospace and defense industries, today announced that its latest- generation In-Seat Power System, which was introduced in September 2010, has been successfully installed and certified. The installation and certification of the unique system with USB charging is another demonstration of Astronics’ success at product design and development, manufacture, delivery and certification of innovative products for the aerospace industry. The latest addition to the EmPOWER ® line of products, the 1191-3X, is a new In-Seat Power Supply (ISPS) which provides 110VAC at up to 200VA per passenger and can provide USB charging when used in conjunction with the new 1295-X Outlet Unit (OU). The ISPS offers additional power to each passenger to support the latest power-hungry laptops while the OU offers USB charging for passenger devices such as smart phones, iPods, cameras and other standard +5 Volt DC devices. All of this is accomplished in a smaller footprint than previous generations of the industry-leading EmPOWER ® products. “As the power needs of airline passengers increase, airlines worldwide are looking to Astronics EmPOWER ® products for solutions. Astronics’ patented power management and control technologies are key to the success of providing passengers power for personal electronic devices, in-flight entertainment, and connectivity solutions scalable on any aircraft platform,” noted Peter J. Gundermann, President and CEO of Astronics Corporation. For more than 15 years, Astronics has developed patented, intelligent power management systems. The industry leading EmPOWER ® System is currently in service with more than 150 Airline/OEM customers at more than 500,000 seat locations. ABOUT ASTRONICS CORPORATION Astronics Corporation is a leader in advanced, high-performance lighting, electrical power generation and distribution and automated test systems for the global aerospace and defense industries. The Company’s strategy is to develop and maintain positions of technical leadership in its chosen aerospace and defense markets, to leverage those positions to grow the amount of content and volume of product it sells to those markets and to selectively acquire businesses with similar technical capabilities that could benefit from our leadership position and strategic direction. Astronics Corporation, and its wholly-owned subsidiaries, DME Corporation, Astronics Advanced Electronic Systems Corp. and Luminescent Systems Inc., have a reputation for high-quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices. The Company routinely posts news and other important information on its website at www.Astronics.com. For more information on Astronics and its products, visit its website at www.Astronics.com.Safe Harbor Statement This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words “expect,” “anticipate,” “plan,” “may,” “will,” “estimate” or other similar expression. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially include the state of the aerospace industry, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes, the demand for and market acceptance of new or existing aircraft which contain the Company’s products, customer preferences, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.